Ever been denied for a business loan but wasn’t sure exactly why? Unfortunately, there are a lot of reasons why a business loan application might be denied. But the more important question to ask is, “What can I do to improve the odds of a successful loan application?” Lenders want to make sure of three […]
Let’s talk about how Equipment Financing works. Equipment financing is the use of a loan or lease to purchase or borrow hard assets for your business. Any tangible asset, other than property or a building, used in the operation of a business may be considered equipment. For example, desks, computers, a pizza oven, a dental […]
Here are 4 best types of business loans if you have bad credit. Believe it or not, you can get a business loan even if you have bad credit. With that said, if you do have bad credit, we strongly recommend investing in a credit repair program that can improve your credit as soon as […]
Wanted to share 5 steps that will help you build better business credit Building business credit plays a crucial role in your company’s funding ability. Whether you operate as a limited liability company or corporation, your business has the ability to establish a credit file separate from you as an individual. When you register a […]
Wanted to share a powerful form of financing you may not know you have access to… It’s called Invoice Financing, also called Receivables Financing or Invoice Trading. Invoice financing provides businesses with working capital to improve immediate cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could otherwise if […]
What is the difference between personal and business credit? Your personal credit score and business credit score are two separate but related numbers that tell lenders how creditworthy you, or your business, are. But because credit bureaus use similar metrics to measure both scores, and because personal credit is occasionally used in lieu of business […]
Wanted to share an alternative loan option with you called “Microloans” Microloans are a good alternative lending option for many business owners so they’re good to at least be familiar with and to have in your loan arsenal. They are typically best suited for small business owners or startups that have a thin credit file […]
Let’s talk about business loans for startups and how to get one. You have the end in mind, but where do you start to get the funding you need to get the business off the ground? A good place to start is with your personal credit scores and business credit scores, which are a measure […]
There are lots of different types of loans. So which one is best for you? Not every loan type is right for your business. Choosing the right type of loan comes down to a lot of different factors, like what industry you’re in, what you need the funding for, etc.
Today, I want to go over the most common ways businesses use Merchant Cash Advance funds. MCAs are extremely efficient, as they can provide easy and hassle-free access to funding. Also, keep in mind that this kind of business funding is not a loan. Rather, it’s a lump sum advance that you get in exchange […]